Tax Favored Treatment for Early Distributions from IRAs and other Retirement Plans for Victims of Hurricane Katrina

Tax Favored Treatment for Early Distributions from IRAs and other Retirement Plans for Victims of Hurricane Katrina: "
Tax Favored Treatment for Early Distributions from IRAs and other Retirement Plans for Victims of Hurricane Katrina


IR-2005-122, Oct. 17, 2005.

Washington — The Internal Revenue Service today is advising taxpayers who suffered losses as a result of Hurricane Katrina to be aware of recent changes in the tax law that may be beneficial if they have funds in certain retirement plans. The new law provides for tax-favored withdrawals, recontributions, and loans."